On Oct 18, the forum of “China's Capital Market---Competing in Today's Global Economy” co-sponsored by Tsinghua SEM and American Securities Industry Association was successfully held in Grand Hyatt Beijing. Gu Binlin, President of Tsinghua University delivered his opening remark. Mr. Snow, US Secretary of Commerce and Mr. Shang Fulin, President of China Securities Regulatory Committee made their keynote speeches in the opening ceremony. Mr. Caucus, President of American Securities Industry Association and Mr. Zhou Xiaochuan, President of People's Bank of China spoke during the welcome banquet. The forum was initiated to invite government officials, institutional researchers and relevant practitioners to discuss issues concerning China's mushrooming capital market. The forum lasted for two days and more than 400 distinguished guests from the US, China and the whole globe attended the forum.

President Gu expressed Tsinghua's warm welcome to all the delegates in representation of the host university. He said, the forum has very far-reaching significance to China's capital market development as well as the future US-China economic cooperation. Tsinghua SEM has gained notable progress and received wide applause from society since its establishment in 1984, in areas of faculty construction, academic research and international exchange. The development of world capital market, the prosperity of Chinese economy could not be sustained without constant talent resources and intellectual support. Facing today's challenges, Tsinghua SEM is dedicated to cultivating more young talents and contributing more academic researches to China's capital market development.

The Forum offered interactive panels and discussions on innovative financial products and services, legal issues and international best practices in the global marketplace.Main topics include promoting best practices, state ownership of non-tradable shares, effectively serving your clients, regulation of financial intermediaries, securitization/mortgage markets, robust equity markets, corporate governance standards, cross-border acquisitions, etc. The forum also gained generous support from Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, JP Morgan and Morgan Stanley.